After costs, if the gap returns to its 7d average, $10k−$121
spread now+0.211%7d average+0.019%fees + slippage, in and out−$140spread needed1.399%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MORPHOUSD | 2.6763 | −0.2232 | get 0.0279% / 1h | 44m 26s | $84K | $166K | 20x |
| Short | Bybit MORPHOUSDT | 2.6820 | −0.0124 | pay 0.0062% / 4h | 1h 44m | $8.8M | $10.3M | 25x |
Kraken Futures PF_MORPHOUSD
Bybit MORPHOUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $21.11
- Funding while held
- $63.23
- Slippage, 4 orders
- −$118.87
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$55.53
- Spread needed to break even
- 1.399%
Slippage from Kraken Futures: live order book, 54 min ago; Bybit: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.2108%
- Per $10,000 a day
- +$63.23
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 54 min ago | 17.85 bp | 27.3 bp −$27 | 2527.7 bp −$25.3K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.73 bp | 19.4 bp −$19 | 76.3 bp −$763 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Kraken Futures2.6763cheapest
01 Exchange2.6765+0.006%Paradex2.6778+0.054%KuCoin2.6795+0.118%Polymarket Perps2.6796+0.121%MEXC2.6798+0.129%Extended2.6804+0.151%Variational Omni2.6811+0.176%SoDEX2.6811+0.178%Aster2.6812+0.181%Bitget2.6812+0.181%BloFin2.6813+0.185%Orderly2.6814+0.189%Reya2.6814+0.191%Binance2.6816+0.196%Gate2.6819+0.207%
Paradex
KuCoin
Polymarket Perps
MEXC
Extended
Variational Omni
SoDEX
Aster
Bitget
BloFin
Orderly
Reya
Binance
GateBybit2.6820+0.211%
Deribit2.6827+0.237%BingX2.6829+0.245%GMX2.6830+0.249%OKX2.6844+0.301%Coinbase International2.6850+0.323%Hyperliquid2.6854+0.338%Phoenix2.6871+0.402%Lighter2.6872+0.407%Injective2.7130+1.369%
Deribit
BingX
GMX
OKX
Coinbase International
Hyperliquid
Phoenix
Lighter
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSDlong | 0.000% | −0.2232% | 1h | $84K | $166K | 20x | |
| 01 Exchange MORPHOUSD | +0.006% | −0.0456% | 1h | $879 | $12K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.054% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| KuCoin MORPHOUSDTM | +0.118% | +0.0100% | 4h | $598K | $348K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | +0.121% | −0.0282% | 1h | $27K | $2.7M | 5x | as long as short |
| MEXC MORPHO_USDT | +0.129% | +0.0052% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Extended MORPHO-USD | +0.151% | +0.0056% | 1h | $101K | $304K | 10x | as long as short |
| Variational Omni MORPHO | +0.176% | +0.0100% | 4h | $654K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.178% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Aster MORPHOUSDT | +0.181% | +0.0100% | 4h | $58K | $32K | 20x | as long as short |